Country by country
The obligation is not the same in every country
Who supervises, which law applies, who it binds and what due diligence it requires. Pick your country.
- ColombiaThe most detailed framework in the region: each superintendency demands its own system, and all of them ask for the same thing underneath — know your counterparty and be able to prove it.UIAF · GAFILAT
- MexicoThe duty is not limited to banks: the anti-money-laundering law lists «vulnerable activities» reaching real estate, jewellery, notaries, armouring and lending.UIF · GAFI y GAFILAT
- PeruThe financial intelligence unit sits inside the banking supervisor, so supervision and the analysis of reports go hand in hand.UIF-Perú · GAFILAT
- ChileHere compliance does not only prevent an administrative fine: a crime prevention model is what can exempt the company from criminal liability.UAF · GAFILAT
- ArgentinaThe 2024 reform reorganised the framework law and consolidated the risk-based approach: following a checklist is no longer enough, you must justify why those steps and not others.UIF · GAFILAT
- BrazilSince 2012 the predicate offence can be any crime rather than a closed list, which widened at a stroke the universe of transactions to look at.COAF · GAFILAT
- EcuadorThe law requires a prevention manual and a certified compliance officer: the control has a name and a face inside the organisation.UAFE · GAFILAT
- Costa RicaThe Ley 9449 reform widened the duty beyond the financial system and brought in professionals and activities that were previously outside it.UIF · GAFILAT
- PanamaBeneficial ownership stopped being good practice and became a mandatory register, with its own law and its own system.UAF · GAFILAT
- IsraelA full FATF member since 2018, with a regime that addresses money laundering and terrorist financing prevention in the same body of law.IMPA · GAFI